Thai investment bids reach record high
Applications for investment incentives in Thailand have reached a record level of nearly $48 billion in 2012, the country’s Industry Ministry announced on January 10.
Industry Minister Prasert Boonchaisuk said the investment promotion value increased 131 per cent year-on-year, while the number of projects rose 29.7 per cent also year-on-year.
More than 50 per cent of the investment applications came from Japan, followed by the Netherlands and Singapore. Following approved projects, around 348,000 persons were hired, a 61 per cent increase compared to 2011.
For 2013, Thailand has set a promotion investment target of up to $23.3 billion, lower than the 2012 target, as many investors applied for investment promotions in 2012 because investment promotions were ending at the year-end.
The new Secretary-General of the Thai Board of Investment, Udom Wongwiwatchai, said a new investment promotion will be finished by the middle of 2013 and will continue to support high value-added industries and labour-intensive industries.
[caption id="attachment_6374" align="alignleft" width="154"] Thailand's Board of Investment Secretary-General Udom Wongwiwatchai[/caption] Applications for investment incentives in Thailand have reached a record level of nearly $48 billion in 2012, the country's Industry Ministry announced on January 10. Industry Minister Prasert Boonchaisuk said the investment promotion value increased 131 per cent year-on-year, while the number of projects rose 29.7 per cent also year-on-year. More than 50 per cent of the investment applications came from Japan, followed by the Netherlands and Singapore. Following approved projects, around 348,000 persons were hired, a 61 per cent increase compared to 2011. For 2013, Thailand has set...
Applications for investment incentives in Thailand have reached a record level of nearly $48 billion in 2012, the country’s Industry Ministry announced on January 10.
Industry Minister Prasert Boonchaisuk said the investment promotion value increased 131 per cent year-on-year, while the number of projects rose 29.7 per cent also year-on-year.
More than 50 per cent of the investment applications came from Japan, followed by the Netherlands and Singapore. Following approved projects, around 348,000 persons were hired, a 61 per cent increase compared to 2011.
For 2013, Thailand has set a promotion investment target of up to $23.3 billion, lower than the 2012 target, as many investors applied for investment promotions in 2012 because investment promotions were ending at the year-end.
The new Secretary-General of the Thai Board of Investment, Udom Wongwiwatchai, said a new investment promotion will be finished by the middle of 2013 and will continue to support high value-added industries and labour-intensive industries.
It looks like the new Sec Gen is working out well for BOI.